Key Takeaways Prairie Operating expanded rapidly in the DJ Basin, but faces high costs and dilution risks.Ring Energy delivered record oil sales, strong free cash flow, and lower lease operating costs.PROP stock dropped 74% in a year, while REI fell 40%, highlighting investor skepticism on growth.In the world of smaller oil/energy companies, Prairie Operating Co. ((PROP) and Ring Energy ((REI) are two prominent names. Both companies explore for and produce oil and gas in the United States, their stocks trad ...